NO.PZ2018120301000021
问题如下：
SD&R
Capital (SD&R), a global asset management company, specializes in fixed-income
investments. Molly, chief investment officer, is meeting with a prospective
client, Leah of DePuy Financial Company (DFC).
Leah informs Molly that DFC’s previous fixed-income manager focused on the interest rate sensitivities of assets and liabilities when making asset allocation decisions. Molly explains that, in contrast, SD&R’s investment process first analyzes the size and timing of client liabilities, and then it builds an asset portfolio based on the interest rate sensitivity of those liabilities.
The investment process followed by DFC’s previous fixed-income manager is best described as
选项：
A.asset-driven liabilities.
liability-driven investing.
C.asset–liability management.
解释：
Correct Answer: C
C is correct. Asset–liability management strategies consider both assets and liabilities in the portfolio decision-making process. Leah notes that DFC’s previous fixed-income manager attempted to control for interest rate risk by focusing on both the asset and the liability side of the company’s balance sheet. The previous manager thus followed an asset–liability management strategy.
请问固收里面的LDI和AA中的ALM有区别吗？
